The objects and reasons of this Bill are to establish a framework for the requirements applicable to offers to the public and admission to trading on a trading platform of asset-referenced tokens, e-money tokens and other crypto-assets, and the requirements applicable to crypto-asset service providers and to implement and give effect to the relevant provisions of Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto assets, and amending Regulation (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937. Moreover, the provisions of this Bill aim to implement the necessary amendments to the Virtual Financial Assets Act (Cap. 590) in view of the said Regulation.